Start your own bank
To legally operate as a financial institution offering global privatebanking services
, a Savings and Loan Company must be registered in a country/jurisdiction which would enable it to function in that capacity. One such country is New Zealand.
New Zealand legislation enables the creation of an (International)
Savings and Loan Company which can operate similarly to a fully licensed bank, but the word "bank" cannot be included in the name (words allowed can be: Savings and Loan, Savings, Trust, Credit, etc). There are NO restrictions to the number of directors and shareholders/partners which can be of any nationality and reside anywhere outside of New Zealand. In addition, there are NO minimum capital requirements, NO restrictions to managing/investing the savings and loan's capital, and NO restrictions on where the administration/managing office is located (outside of New Zealand)
A New Zealand Savings and Loan Company can accept global deposits and can offer
privatebanking services to both private individuals and corporations worldwide.
Examples of typical banking services that you can offer include:
Global Online banking
Call accounts
Term deposits
Project Financing
Private branding prepaid debit cards
Investment management
Currency exchange
Multi-currency accounts
Trade finance
Wire transfers
Principal Protected investment products
Raising capital for companies and projects located around the world
Depending on your organizational group's background and expertise in finance,your
Bank Consultantwill structure a customized business model suitable for your organization. By introducing an array of third party financial products and services, your International Savings and Loan Company will be equipped with all the tools to operate efficiently and competitively in the global financial market.
Start-up costs can be in the range from $79,000 and up. Additional start-up capital should be budgeted for user-friendly online banking software, web site development& hosting, calls & mail forwarding, marketing & advertising, stationary & office supplies, office lease, computer/office equipment. These costs are FAR less than what it would cost to organize, launch and maintain a full service licensed bank.
Start your own bank
By: Frank Nagy
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